Is Carmel, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Carmel has remained a Seller's Market.
Key Takeaway
Carmel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Carmel, NY
How much do homes in Carmel, NY cost?
Median Sold Price
$455,000
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Carmel have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Carmel was $455,000 in March 2024, up 4.6% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $266K | $300K | +12.8% |
| 2 Bedrooms | $350K | $379.9K | +8.5% |
| 3 Bedrooms | $468.3K | $500K | +6.8% |
| 4 Bedrooms | $617K | $610K | -1.1% |
| 5+ Bedrooms | $662.5K | $688.8K | +4.0% |
Summary: Carmel housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Cities
| Carmel | $435K | $455K | +4.6% |
| Mahopac | $515K | $525K | +1.9% |
| Putnam Valley | $459K | $455K | -0.9% |
Housing Supply in Carmel, NY
How many homes are available in Carmel, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 158 | 162 | +2.5% |
Summary: The Carmel real estate market had 162 homes for sale in March 2024, a 2.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 16 | +6.7% |
| 2 Bedrooms | 48 | 51 | +6.3% |
| 3 Bedrooms | 48 | 45 | -6.3% |
| 4 Bedrooms | 33 | 40 | +21.2% |
| 5+ Bedrooms | 14 | 10 | -28.6% |
Summary: The Carmel housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 28 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carmel, you could pay more than the asking price. 39.3% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Carmel in March 2024, the same as the previous month. Of the 28 sold homes, 36% were sold under asking, 25% were sold at asking, and 39% were sold over asking.
Days on Market for Carmel, NY
How long does it take to sell a home in Carmel, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 84 Days | 56 Days | -33.3% |
Summary: Homes in Carmel had an average of 56 days on market in Mar 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Carmel has remained consistent over time.
Summary: During March 2024, 28 homes were sold in Carmel; 39% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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Copyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.